Paul, Weiss client Buffets, Inc., owner and operator
of one of the nation's largest family dining restaurant chains,
announced its success in reorganizing just six months after filing
for chapter 11. As reported in theDaily Deal,when Buffets filed for
chapter 11 it operated 483 steak-buffet restaurants doing business
as Old Country Buffet, Country Buffet, HomeTown Buffet, Ryan's and
Fire Mountain and Tahoe Joe's Famous Steakhouse, serving about 2.7
million customers per week - it now operates 357 restaurants.
Buffets listed assets of $100 million to $500 million and
liabilities of $300.47 million in court papers.